AUD/CAD looks ready to rally

OANDA:AUDCAD   Australian Dollar/Canadian Dollar
With Crude Oil touching its recent highs and failing to push higher, perhaps this an opportunity to see crude sell-off and exploit the overbought condition of the CAD. Outside of higher oil , there is no reason to buy CAD, and against most currencies, it has been selling off on longer term charts.

The likelihood this is a swing low for AUD/CAD is likely here.

Receive my trade signals for free!

Follow me on Twitter


I agree, if anything, CADUSD rallied way more than AUDUSD, if you compare all to oil's move in the past 3 months. So, AUDUSD has some catch up to do with CADUSD.
APosner IvanLabrie
@IvanLabrie, Great Point!!
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out